Before jumping into this article, here’s a quick timeframe quiz. When was the first iPhone released? Answer = June 2007. 10 short years ago. Amazing right? Okay, we’ll come back to this later.

Since the Presidential election we’ve been witness to how much the word market confidence comes into play with the stock market. Trumponomics has driven Wall Street belief that real growth is on the way, undergirded by an actual increase in corporate revenue. Since 2014 corporations have created higher earnings more through financial engineering than an increase in income and that formula has reached its exhaustion. Time for the cash register to start ringing.

The big differences between Trump and Reagan’s inherited economies

Just after the Trump election I wrote that the stock market would get some wind in its sails purely on the enthusiasm of Trumpulus (stimulus generated by Trump intending on building things), and we’ve certainly seen that happen. So much so, that we need to take a little breath and recognize the expensiveness of stocks at this level, and take a sobering look at the economy Trump is inheriting versus what things were like when Ronald Reagan took office in 1982.